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Ethereum: The Backbone of Modern Crypto – Can It Really Be Replaced?

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- Ukraine is finalizing a bill to establish a national Bitcoin reserve, a strategic move to enhance financial resilience amid its ongoing conflict with Russia, as reported by Cointelegraph on May 15, 2025, citing MP Yaroslav Zhelezniak. - The country already holds 46,351 BTC (worth $4.8 billion), mostly from war-effort donations since 2022, making it the fourth-largest government Bitcoin holder globally, according to BitcoinTreasuries data. - Binance’s regional head, Kirill Khomyakov, supports the initiative but warns that significant legal changes are needed, potentially delaying implementation while clarifying Ukraine’s crypto regulations, per a Bitcoinist report from May 15, 2025.

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📍 BTC DOMINANCE UPDATE The dominance has perfectly followed the path we set for it, yet retraced downwards not from 68% but from 65.5%. Broke down the local support of 63.5% and MA50 on the 1D chart and now re-testing it! Great (bearish) sign, great for Altcoin Rally! I can clearly see an opportunity to head further downwards, the first target is 61%, then 58%. Which is still VERY high, but good for a start. Holding & Buying Altcoins in mid-term is safe.

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